Nippon India Banking & PSU Debt Fund Direct Growth

Nippon India Banking & PSU Debt Fund Direct Growth

Debt

Direct

Banking & Psu

NAV as on 31-10-2024

₹ 20.35

Inception Returns

7.8%

/yr

About Nippon India Banking & PSU Debt Fund Direct Growth

Nippon India Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 15 May, 2015. The fund is managed by Kinjal Desai, Pranay Sinha, Vivek Sharma. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Banking & PSU Debt Fund Direct Growth has ₹5336 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Nippon India Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.79% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.65%, 6.22% and 6.89% respectively.

Holdings

Nippon India Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.10%Goi 08/04/2034, 7.23% Goi 15/04/2039, National Bank For Agriculture And Rural Development, 07.18 Goi 24072037, Indian Railway Finance Corporation Limited

Taxation

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Nippon India Banking & PSU Debt Fund Direct Growth

To generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs). However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Banking & PSU Debt Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
223 people have invested ₹ 22.6L in Nippon India Banking & PSU Debt Fund Direct Growth in the last three months

Nippon India Banking & PSU Debt Fund Direct Growth Overview

Expense ratio0.38%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹5336 Cr
Inception Date15 May, 2015
Min Lumpsum/SIP₹5000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
162.17%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (31-Oct-24)

Period
Nippon India Banking & PSU Debt Fund Direct Growth
Banking and PSU Index
1M
0.4%
0.3%
3M
2.1%
1.6%
6M
4.6%
3.6%
1Y
8.6%
7.2%
3Y
6.2%
5.5%
5Y
6.9%
5.9%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Sep'24

Aug'24

Jul'24

Government
49.1%
Corporate
45.5%
Cash Equivalent
5.4%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 5.3K Cr
₹ 5.3K Cr
₹ 5.3K Cr
  • AUM of the fund stands at 5.3K Cr as of Sep'24
  • AUM increased by 9.5 Cr between Sep'24 and Aug'24
Cash allocation has gone down from 5.9% to 5.4%
Cash allocation has gone down from 5.9% to 5.4%
Debt allocation has gone up from 93.8% to 94.3%
Debt allocation has gone up from 93.8% to 94.3%

Top 2 Sectors in September were Corporate, Government

Sep'24
Government
49%
Corporate
45%
Aug'24
Corporate
49%
Government
47%
  • Debt & Cash

Holdings
Weight%
1M Change
7.10%Goi 08/04/2034
7.10%Goi 08/04/2034
6.03%
0%
7.23% Goi 15/04/2039
7.23% Goi 15/04/2039
4.67%
32.1%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.15%
0%
07.18 Goi 24072037
07.18 Goi 24072037
3.66%
-15%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
3.3%
0%
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Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 25 May 2018
Pranay Sinha
Pranay Sinha
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 31 March 2021
Vivek Sharma
Vivek Sharma
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 25 June 2020
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.07L Cr
as on 30-Sep-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Mutual Fund Insights

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In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 9.41% return, outperforming this fund by 0.77%.
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This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.55%.
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In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.41% return, outperforming this fund by 0.53% per annum.
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Over the last 1 year, this fund has increased expense ratio by 8.6% moving from 0.35 to 0.38.
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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 8.31% return, outperforming this fund by 2.09% per annum.

Nippon India Banking & PSU Debt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.79% since inception which is more than its category average return of 5.79%
AUM size ₹5336 Cr

AUM size ₹5336 Cr

This fund has AUM of ₹5336 Cr which is more than its category average of ₹ 3550 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions for Nippon India Banking & PSU Debt Fund Direct Growth

The current NAV of Nippon India Banking & PSU Debt Fund Direct Growth is ₹20.35 as on 31-Oct-2024.
Existing (Absolute + CAGR) as on 31-Oct-2024.
Nippon India Banking & PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.45%
0.45%
6 Month Returns
4.57%
4.57%
1 Year Returns
8.65%
8.65%
3 Years Returns
19.84%
6.22%
5 Years Returns
39.51%
6.89%
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0.38% as on October 2024
₹5336 Cr as on October 2024
7.10%Goi 08/04/2034(6.03%), 7.23% Goi 15/04/2039(4.67%), National Bank For Agriculture And Rural Development(4.15%), 07.18 Goi 24072037(3.66%), Indian Railway Finance Corporation Limited(3.3%) as on October 2024
Corporate(49.66%), Government(46.52%), Cash Equivalent(3.82%) as on October 2024
Yield to Maturity is 7.18 as on October 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.95 as on October 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kinjal Desai, Pranay Sinha, Vivek Sharma are the fund managers of Nippon India Banking & PSU Debt Fund Direct Growth
The Exit load of Nippon India Banking & PSU Debt Fund Direct Growth is 0%